LEGAL UPDATE: The Court of Appeal in England and Wales has upheld a creditor's application to revoke an IVA due to a material irregularity as the majority creditor had entered into a separate settlement agreement with the debtor the terms of which placed it...07 Aug 2018

Out-Law Guides

Awards and settlements in commercial disputes can be taxable in the claimant’s hands. The tax treatment of damages should be considered at an early stage as this may need to be factored into the amount claimed. Tax also needs to be considered in settlement...

LEGAL UPDATE: Companies and lawyers must be clear and unambiguous when drafting settlement agreements, a court ruling has reminded them. A liquidator had to drop some claims after a court used correspondence to clarify exactly what was meant by the phrase...05 Jun 2018